Fidelis President Earns CRMP Designation

Fidelis Mortgage announced that Eric Rittmeyer, president of the company received the designation of Certified Reverse Mortgage Professional (CRMP) created by the National Reverse Mortgage Lenders Association (NRMLA).

“Qualifications for the exam are vigorous,” says Rittmeyer. “I prepared for a full year to meet the qualifications required to sit for the written exam. I have a serious commitment to the senior home owners in the region and am devoted to helping them stay in their homes.”

The CRMP was developed by NRMLA and meant to show the person has demonstrated superior knowledge and competency in the area of reverse mortgages and dedication to upholding the highest ethical and professional standards.  “With rising health care costs and increased energy and living expenses, many seniors are faced with the challenge of how to stay in their homes,” says Rittmeyer. “In many cases, a reverse mortgage is the answer.”

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Rittmeyer is a veteran of the the U.S. Marine Corps and specializes in reverse mortgages throughout the state of Maryland.

The company has endorsed 73 HECMs during 2010 according to data from the Department of Housing and Urban Development.  For more data on the lender, see their listing on ReverseBase.

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  • It is time for a serious debate to ensue over the issue of the CRMP. It does not need to be trashed with meaningless attacks. While I congratulate those who have earned it, it is the credential itself that deserves a thorough examination.

    As a member of the reverse mortgage community and a member of NRMLA, I looked forward with great anticipation for a very distinguished credential to be developed. Listening to some on the NRMLA Education Committee in the early days, it sounded as if there would be a great deal of required education and the education program would be somewhat rigorous.

    What developed is a feckless journeyman system. It has no minimum education standards. The experience needed has no standardization rules related to it. It does not even require completing kindergarten let alone college level courses, only attendance at a few NRMLA meetings and one short session on ethics. Its background checks do not take into account the quality of the loans originated by originators or the business integrity or skills of the others who receive it.

    The vast majority of trade unions can point with pride to the amount of education and skill their members must achieve before becoming journeymen. Beyond formal courses with rigorous exams, most of the trade unions require a final examination. Skills are developed, honed, tested, and thoroughly evaluated in the union training process. It creates a single standard and generally high level work force. All but a somewhat difficult final exam are missing from the CRMP.

    The credit and criminal background review means little for those who hold NMLS licenses. For those who are only registered with NMLS, these background checks may have some meaning. As to the others, it probably has more meaning if they do not hold state licenses with similar background checks.

    NRMLA needs to wake up and revamp the program or see it reach its “zenith” only to have it fall to the ground and burn; this is no phoenix. The CRMP standards certainly do not meet the trade union standards of what a journeyman must attain to. It is a shame that an industry which wants to believe they are composed of professionals has developed a credential system which does not attain to even the level of the lowest level of a journeyman trade union program.

  • It is time for a serious debate to ensue over the issue of the CRMP. It does not need to be trashed with meaningless attacks. While I congratulate those who have earned it, it is the credential itself that deserves a thorough examination.

    As a member of the reverse mortgage community and a member of NRMLA, I looked forward with great anticipation for a very distinguished credential to be developed. Listening to some on the NRMLA Education Committee in the early days, it sounded as if there would be a great deal of required education and the education program would be somewhat rigorous.

    What developed is a feckless journeyman system. It has no minimum education standards. The experience needed has no standardization rules related to it. It does not even require completing kindergarten let alone college level courses, only attendance at a few NRMLA meetings and one short session on ethics. Its background checks do not take into account the quality of the loans originated by originators or the business integrity or skills of the others who receive it.

    The vast majority of trade unions can point with pride to the amount of education and skill their members must achieve before becoming journeymen. Beyond formal courses with rigorous exams, most of the trade unions require a final examination. Skills are developed, honed, tested, and thoroughly evaluated in the union training process. It creates a single standard and generally high level work force. All but a somewhat difficult final exam are missing from the CRMP.

    The credit and criminal background review means little for those who hold NMLS licenses. For those who are only registered with NMLS, these background checks may have some meaning. As to the others, it probably has more meaning if they do not hold state licenses with similar background checks.

    NRMLA needs to wake up and revamp the program or see it reach its “zenith” only to have it fall to the ground and burn; this is no phoenix. The CRMP standards certainly do not meet the trade union standards of what a journeyman must attain to. It is a shame that an industry which wants to believe they are composed of professionals has developed a credential system which does not attain to even the level of the lowest level of a journeyman trade union program.

  • Eric, Congratulations!! There is no doubt in my mind that you would have achieved this award. You have always shown the highest dedication to knowledge in a business that is constantly changing. Thank you for your dedication

  • Eric, Congratulations!! There is no doubt in my mind that you would have achieved this award. You have always shown the highest dedication to knowledge in a business that is constantly changing. Thank you for your dedication

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